17 March 2013
Dear SIr PLease can u help me in subject of Cap gain & Loss I can adjust short term cap loss (due to sell of assets)against long term capital gain (sale of Factory shed)for how many years Thanks in advance
Guest
Guest
(Expert)
17 March 2013
A short term capital loss can be set off against against both short term capital gain as well as long term capital gain.
Also, short/long term capital loss can be carried forward for 8 years.
In your case, your Short term capital loss can be set off against long term capital gain .
CAclubindia
